#SantaAna Student loan consolidation #omni #military #loans

31/10/2016 Student loan consolidation #omni #military #loans #consolidating loans # Consolidation You should consider the pros and cons of consolidation before making this choice. This section contains information about how to consolidate if you have already defaulted on your loans. Consolidation works well for many borrowers with defaulted loans. After obtaining a consolidation loan, you get a fresh start, becoming eligible for new loans, grants, and even deferments. You will no longer be listed as currently in default on your credit records, and no longer subject to tax intercepts, garnishments, or other collection efforts. Once you are out of default, you can also choose one of the income-based repayment plans . WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan. This is because you will lose your rights under the federal loan p...